By Sruthi Shankar (Reuters) -European shares edged higher on Tuesday with miners and luxury stocks in the lead after China pledged more support for its slowing economy, but mixed earnings reports limited further upside in markets. The pan-European STOXX 600 index rose 0.2% after Asian stocks rallied on signs of more stimulus in China that …
European shares edge higher as China stimulus talk boosts miners Read More »
(This July 24 story has been corrected to show that BT will cut the jobs by 2030, and had not already cut jobs in May, in paragraph 4) (Reuters) – British mobile operator Virgin Media O2 said on Monday it was planning to lay off up to 2,000 employees by the end of this year. …
UK’s Virgin Media O2 to lay off up to 2,000 employees by year end Read More »
(This July 21 story has been corrected to show that the rating of Thames Water (Kemble) finance was downgraded rather than Thames Water operating company in paragraphs 1 and 2) By Marc Jones LONDON (Reuters) – Moody’s cut the credit rating of a key unit of Britain’s Thames Water on Friday and warned it could …
Moody’s cuts Thames Water unit credit rating, issues new warning Read More »
By Savyata Mishra (Reuters) -The fanfare around Margot Robbie-starrer “Barbie” could jolt the iconic Mattel doll’s sales out of a year-long slump, but Wall Street thinks the party in pink will be short-lived. While Mattel will report second-quarter results on Wednesday, days after the theatrical release of the movie, analysts say the boost for Barbie …
‘Barbie’ buzz likely just a flash in the pan for toymaker Mattel Read More »
(Reuters) – Norwegian robotics firm AutoStore will pay 200 million pounds ($257.1 million) to British online supermarket group Ocado as part of a deal between the warehouse tech pioneers to settle all outstanding patent litigation claims, they said on Saturday. Both AutoStore and Ocado license their technology to retailers all over the world and the …
AutoStore and Ocado reach deal to settle patent litigation claims Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Austrian energy drinks maker Red Bull has contested EU antitrust raids conducted against the company four months ago, saying regulators’ allegations of anti-competitive behaviour are “manifestly unfounded”. Companies have been increasingly willing to take the EU competition enforcer to court over what they say are procedural mis-steps and …
Red Bull challenges EU antitrust raid, says allegations unfounded Read More »
By Foo Yun Chee (Reuters) -Adobe’s $20 billion bid for cloud-based designer platform Figma will face a full-scale EU antitrust investigation following EU regulators’ preliminary review, people familiar with the matter said on Monday. The move underscores antitrust watchdogs’ wariness of tech deals where bigger companies may acquire rival start-ups to shut them down. An …
Adobe’s Figma deal faces full-scale EU antitrust probe, sources say Read More »
(Reuters) – Chipmaker NXP Semiconductors forecast third-quarter revenue and profit above Wall Street targets on Monday, betting that demand from automakers ramping up production will cushion the hit from a weak consumer electronics market. Growing electrification of cars and the use of advanced driver-assistance systems have kept demand for automotive chips steady, helping NXP, which …
NXP forecasts third quarter above estimates on steady automotive demand Read More »
PARIS (Reuters) – Luxury giant LVMH unveiled on Monday a deal to sponsor next year’s Olympic Games in Paris with top fashion brands Louis Vuitton and Dior, Moet Hennessy champagne and spirits labels and jeweller Chaumet, which will design medals for the event. The group will also sponsor athletes, including French swimmer Leon Marchand, and …
LVMH strikes Paris Olympic Games sponsorship deal Read More »
(Reuters) – Netherlands-based JDE Peet’s, one of the world’s leading coffee companies, announced on Monday the acquisition of the coffee and tea operations of Brazil’s JAV Group, the number four largest coffee business in the country. JAV Group has a strong presence in the Northern part of Brazil through its Maratá brands. The company has …
